Federal Realty Investment Trust Provides Business Update

Rhea-AI Summary

On October 7, 2020, Federal Realty Investment Trust (NYSE: FRT) released a business update highlighting its leadership in owning and operating high-quality retail properties in major coastal markets. The company boasts a total of 104 properties, housing around 2,900 tenants across 24 million square feet, and approximately 2,800 residential units. Notably, Federal Realty has maintained an unparalleled record of increasing quarterly dividends for 53 consecutive years. This performance underscores its commitment to sustainable growth in densely populated, affluent communities.

Positive

• 53 consecutive years of quarterly dividend increases, longest in the REIT industry.
• 102 properties with approximately 2,900 tenants, indicating strong tenant diversity.
• Focus on high-demand coastal markets from Washington, D.C. to Boston and California.

Negative

• None.

NORTH BETHESDA, Md., Oct. 7, 2020 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) provided a business update as of October 7, 2020 which is available in a presentation posted on the Investor section of Federal Realty's website.

About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 104 properties include approximately 2,900 tenants, in 24 million square feet, and approximately 2,800 residential units. 

Federal Realty has increased its quarterly dividends to its shareholders for 53 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.  

Inquiries:
Brenda Pomar, Corporate Communications Manager
301.998.8316 / bpomar@federalrealty.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/federal-realty-investment-trust-provides-business-update-301147934.html

SOURCE Federal Realty Investment Trust

FAQ

What is the recent business update from Federal Realty Investment Trust?

On October 7, 2020, Federal Realty provided an update about its performance and operations, emphasizing its leadership in retail property management.

How long has Federal Realty Investment Trust been increasing its dividends?

Federal Realty has increased its quarterly dividends for 53 consecutive years, the longest record in the REIT industry.

What is Federal Realty's focus in terms of property management?

Federal Realty focuses on owning and redeveloping high-quality retail properties in major coastal markets.

How many tenants does Federal Realty Investment Trust have?

Federal Realty manages approximately 2,900 tenants across its properties.

What is the stock symbol for Federal Realty Investment Trust?

The stock symbol for Federal Realty is FRT.